Trump's crypto advocacy highlights potential conflicts of interest and raises questions about regulatory integrity amid geopolitical tensions.
The sale signals a shift in corporate Bitcoin strategy, highlighting risks of concentration and potential impacts on market sentiment and valuations.
July 6, 2026, 4:12 pmAfter reaching a high of $63,945 per bitcoin a day earlier, BTC has since tumbled to a Monday low of $61,246 after Strategy disclosed the sale of 3,588 bitcoin. Strategy’s Biggest Bitcoin Sale Jolts the Market As the old saying goes, all good things eventually end, and what climbs often finds its way back down.
July 6, 2026, 2:32 pm
Spot bitcoin ETFs recorded $5.4 billion in net outflows in the first half of 2026, marking their first negative half-year since launch. DWF Labs says the reversal reflects weaker crypto sentiment as capital and attention shift toward AI.
The Bitcoin treasury giant sold $216 million worth of Bitcoin to cover preferred payouts, as an $8.3 billion quarterly loss piled up.
Strategy's total holdings account for more than 4% of the 21 million bitcoin supply cap — worth around $52.3 billion.
The company sold 3,588 bitcoin last week to replenish its dollar reserves for dividends on its preferred stock.
Strategy sold 3,588 bitcoin for $216 million to cover dividend payments on its preferred stock, according to a Monday morning post from co-founder Michael Saylor. The sale brings Strategy’s bitcoin reserve down to 843,775 BTC as of July 5, 2026. The company also holds $2.55 billion in cash reserves, Saylor remarked.
MicroStrategy appears to have reduced its Bitcoin holdings by 3,588 BTC over the past week, a figure significantly larger than earlier market speculation centered on a rumored 491 BTC transfer.
BlackRock's 1% to 2% Bitcoin allocation range reads as a bullish nod to advisor adoption, but it also works as a boundary. Once Bitcoin is included in a model portfolio, its upside runs through rebalancing bands, tax location, and sometimes a loan that keeps the position intact.
Citi has slashed its 12-month price targets for the top two crypto assets, Bitcoin and Ethereum. The cuts reflect negative ETF flows and stalled U.S. crypto legislation, reports Reuters. Bitcoin’s target dropped to $82,000 from $112,000. Ether’s forecast was trimmed to $2,240 from $3,175.
Your day-ahead look for July 6,…
$63,642.00 +1.73%
$1.28T Market Cap
$36.06B Total Volume (2.82%)
$126,080 All Time High -49.52%
until new daily candle
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